Research on Optimization Path of Intelligent Pension Industry Based on Intelligent Fusion Algorithm of Multisource Information

Accurate quantitative evaluation of the supervision effect of the smart pension industry can reduce the cost of social pension. The traditional methods cannot effectively classify the regulatory risk levels of the smart pension industry. Therefore, this paper proposes a multisource information intelligent fusion algorithm based on the intelligent pension industry optimization path research. Firstly, we establish the principal model of the supervision effect system of the intelligent elderly care industry optimization path and describe the risk level of the supervision effect from different levels. We build the intelligent service platform of the intelligent elderly care training, calculate the weight vector of the supervision risk of the optimization path at all levels, and determine the attribute type of the supervision effect at all levels. Finally, we calculate the maximum influence value of the supervision effect of the intelligent elderly care industry optimization path and use this value to complete the quantitative evaluation of its supervision effect. Simulation results show that the proposed method can evaluate the regulatory effect of smart pension industry and improve the precision of the regulatory effect of smart pension industry effectively.

The Effect of the New Rural Social Pension Insurance Program on the Choice of Medical Institutions for Rural Elderly

To explore the effect of the New Rural Social Pension Insurance (NRSPI) program on the choice of medical institutions for rural elderly is not only an effective entry point to test the influence of the NRSPI program, but also plays an significant role in maintaining people's health, improving our nation’s retirement pension system and the construction of the new countryside. To this end, based on the five periods of Chinese Family Panel Studies (CFPS) data from 2010 to 2018, this paper used Logit model and DID model to empirically investigate the impact of the NRSPI program on the choice of medical institutions for rural elderly. The empirical results show that: first, the NRSPI program can significantly promote the rural elderly to choose higher level of medical institutions for medical treatment. Specifically, receiving the NRSPI pension will increase the probability of rural elderly choosing hospitals at the county level and above by 8.6%, the hospitals at the township level by 2.5%, and will decrease the likelihood of choosing hospitals at the village level by 5.5%.Second, the effects of the NRSPI program are heterogeneous. Compared with the rural elderly in high income families, the program has a greater impact on the choice of medical institutions for those in low income families. Compared with the rural elderly in the eastern region, the program has a greater impact on the selection of county level hospitals and above by those in the central and western regions, but has less impact on the selection of village level hospitals.

Reflexiones sobre la pensión de vejez y protección integral a la vejez en Colombia

La seguridad social como derecho, está llamado a satisfacer las necesidades mínimas que se presentan en las diferentes contingencias de la vida, entre ellas la vejez; el envejecimiento humano y el crecimiento exponencial del mismo generan la inminente necesidad de implementar medidas eficientes y eficaces por parte de los gobiernos del mundo para proteger a las personas mayores que se encuentran en estado de debilidad manifiesta. El desarrollo histórico de la seguridad social, la protección legal y constitucional a la vejez y los desafíos derivados de la COVID-19 en el sistema de seguridad social pensión, son un llamado a crear un sistema para la protección integral de la vejez en Colombia.

Do Social Pension Schemes Promote the Mental Health of Rural Middle-Aged and Old Residents? Evidence From China

As China experiences rapid aging, the mental health of older rural adults has become a major public health concern. Among other social insurance programs, the New Rural Social Pension (NRSP) scheme was established to replace part of the income for old-age rural residents in China. This article employs survey data from the China Health and Retirement Longitudinal Study (CHARLS) in 2015 and 2018 to investigate the impact of a pension on depression in middle-aged and old residents. Our results show that the pension scheme not only reduces the depressive symptoms of the rural residents but keeps down the prevalence rate of depression. Among the subscribers of the pension scheme, the pensioners benefit more from enrolling in the pension scheme than the contributors in terms of depression alleviation. The impact of pension on depression displays heterogeneity; female residents, residents in central China, and/or those from lower income households are found to be positively affected. It is also confirmed that a pension scheme contributes to easing depression via reduced labor supply, better family support, and more consumption expenditure.JEL Classification: H55, I18, I38.

The Main Reasons and Goals of the Pension Reform in Georgia

The concept of pension reform is a government’s plan to improve the pension system and reflects the long-term risks and takes into account the socio-economic reality in the country. The aim of the reform is to protect better existing retirees from poverty through indexation, which is guaranteed to maintain the retiree's purchasing power level; Providing the next generation of retirees with a higher pension income, which will be directly proportional to the income received during the employment period and the profit of the pension fund. The private pension system will allow employed citizens to plan better their retirement age and not depend only on state funding and be able to mobilize a certain amount before reaching retirement age. The need for reform stems from negative factors such as: an increase in the number of people of retirement age, a decrease in the birth rate, a decrease in the working age population, migration processes, etc. Analysis of the existing system show that it is impossible to maintain or improve the existing replacement ratio only in the medium and long term at the expense of state funding. The private accumulation model will be an additional component of the pension system, which will contribute to a significant increase in the replacement rate. The existence of a private accumulation system will make it possible to define better the fundamental principle of social pension, which implies protection of the population of retirement age from poverty. To achieve this goal, it is important that the social pension does not fall below the subsistence level and also that the pension should be increased at least in parallel with inflation or in the event of economic growth above inflation. Keywords: Pension system, Reform, Pension fund, Government, Population.